Crofton, Maryland Income Statistics
Crofton Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Crofton Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $150,379 | $103,916 | $80,455 |
| Median Personal Income | $94,345 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.0% | 4.8% |
| Six-Figure Earners | 31.2% | 20.7% | 13.9% |
| $200k+ Households | 31.4% | 20.3% | 13.2% |
The median household income in Crofton is about 45% higher than in Maryland. Income has been growing slower in Crofton (3.3%/yr) than in Maryland (4.0%/yr).
About 31% of adults in Crofton earn six figures ($100,000 or more) a year, higher than the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Crofton, Maryland grew by 52.8% from 2009 to 2024, reaching $150,379 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Crofton
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.477 | 0.534 | 0.552 |
| Male Median Income | $112,188 | $84,327 | $69,667 |
| Female Median Income | $87,057 | $72,201 | $56,850 |
| Gender Pay Gap | 22.4% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Crofton, it is 0.477, lower than Maryland's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Crofton, Maryland. Over a 35-year career, a 29% wage gap accumulates to roughly $879,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crofton, Maryland has narrowed from about 32% to 22% in 2024. Over that period the gap was widest at 33% in 2010, and was narrowest at 16% in 2017. In dollar terms, the gap has narrowed by $2,362 since 2009.
Employment
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 22.7% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 585 people are unemployed in Crofton, Maryland.
The average commute time in Crofton is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
The unemployment rate in Crofton, Maryland has stayed about flat at 3.6% since 2011. Over that period the rate peaked at 4.6% in 2021 and fell as low as 2.9% in 2019.
Crofton, MD Wealth Compared With Nearby Cities
How Crofton, MD compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Crofton, MD | 29,546 | $150,379 #1/3 | 3.3%/yr #3/3 | 3.6% #2/3 | 0.477 #1/3 |
| Odenton, MD | 41,509 | $130,224 | 4.2%/yr | 2.8% | 0.481 |
| Bowie, MD | 47,332 | $140,211 | 3.8%/yr | 4.6% | 0.497 |
Conclusion
Considering all these factors, Crofton, Maryland has an overall wealth index grade of A+, making it notably better than Maryland, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Crofton, Maryland.
How Rich Is Crofton, Maryland?
Crofton has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $150,379, about 45% higher than the Maryland average of $103,916.
Are incomes growing in Crofton, Maryland?
Between 2009 and 2024, the median household income in Crofton, Maryland rose 53%, from $98,397 to $150,379. Over the same years, income here outpaced Maryland as a whole: +53% against +49%.
What was the median household income in Crofton in 2023?
In 2023, the median household income in Crofton, Maryland was $148,605, up 5% from $142,100 in 2022. The Maryland median that year was $101,974.
What was the median household income in Crofton in 2020?
In 2020, the median household income in Crofton, Maryland was $123,929. By 2024 it had risen 21% to $150,379.
Do many residents of Crofton, Maryland earn over $100,000?
Yes. 31% of adults in Crofton, Maryland earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Maryland. 31% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
How strong is the job market in Crofton, Maryland?
Unemployment in Crofton, Maryland is only 3.6%, well below the Maryland rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Crofton, Maryland?
The Gini coefficient in Crofton is 0.477. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Crofton, Maryland?
Since 2009, the income gap between men and women in Crofton, Maryland has narrowed from about 32% to 22% in 2024. Over that period the gap was widest at 33% in 2010, and was narrowest at 16% in 2017. In dollar terms, the gap has narrowed by $2,362 since 2009.
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